It’s a big dividend month for us despite the recent sale transactions and portfolio restructuring. Let’s get into it!
- M1 (B2F): S$360
- Starhub (CC3): S$423
- Semcorp Industries (U96): S$164
- SembCorp Marine (S51): S$55
- Vicom (V01): S$148
- SPH (T39): S$60
- Starhill Global REIT (P40U): S$9
- Keppel REIT (K71U): S$60
Dividend income for May 2017: S$1,279
This came at a good time since we just returned from our US holiday and our credit card bills skyrocketed from the overseas spending. Our expenses should stabilise after this since we have no major travel plans for now.
Anyway, we are gathering more news on the upcoming major divisional restructuring at both our jobs. It should happen over the next few months but things are not looking positive. We will probably stick to the end to see what happens to us. Not a good idea to jump out to other divisions and firms in a weak employment market. We might start taking precautionary steps to guard against potential retrenchment. E.g. getting our CVs up to date and reaching out to our recruiter contacts to get a feel of our suitability to the available job roles out there.
We don’t usually tap into our personal and professional networks at this stage because it’s still too early to gauge the impact accurately. Maybe when things become clearer and we are seriously considering looking outside of our current firms. On the financial front, it’s time to gradually reduce our spending to build up the buffers against possible loss of salary income. This is not our first time going through such a situation and we have applied these steps before. They get easier with time but the stakes become higher as well.
When you have lived and worked overseas while having to keep to a tight budget, cutting back due to necessity is ingrained in you. It’s like learning how to ride a bike, a skill that once acquired, is never forgotten. Just takes a while to get back into it. No matter how our careers have been progressing, we have never believed ourselves to be indispensable to any organisations. Retrenchments can be right around the corner and we will be foolish to think otherwise. Hence the practical approach to our jobs – work hard but don’t overdo it and never get comfortable.